Trump’s big bill will cut taxes by $3.7T and add $2.4T to deficit, budget office says

WASHINGTON (AP) - President Donald Trump's big bill making will cut taxes by $3.7 trillion but also increase deficits by $2.4T over the next decade. That's according to an analysis released Wednesday by the nonpartisan Congressional Budget Office.

The analysis comes at a crucial moment as Trump is pushing to have the final product on his desk by Fourth of July. The White House and GOP leaders have been sowing doubt on the CBO's work. But its findings as the official scorekeeper of legislation will be weighed by lawmakers and others seeking to understand the budgetary impacts of the sprawling 1,000-page plus package.